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Jan 1, 2013
01/13
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KRON
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washington as congress fails to act in time to avoid its fiscal cliff. haazig madyunlieberman: no deal is the worst deal >>> very dangerous place. haazig madyu brain, behind the t ear." >>> chief looks back at his over the "fiscal cliff". despite progress between cutting a deal to avoid a series of automatic tax hikes and spending cuts. will miss the midnight deadline lawmakers set for voting on an agreement. >>> kron-4's dan kerman is here to explain how we got to this point and who will suffer as a result. it was a battle and lack of that caused the republican led house of representatives tomorrow. that means we will go over the fiscal cliff at midnight tonight. something the president didn't when he met with reporters >> if this seems that this deadline is shortly in sight. >> reporter: the president indicated that congress was closing in on an increase in taxes for the middle-class. ford and com burgers over the amount of $450,000. for -- the amount of the and, revenue of $450,000 household incomes. >> if they think i'm going to finish with deficit r
washington as congress fails to act in time to avoid its fiscal cliff. haazig madyunlieberman: no deal is the worst deal >>> very dangerous place. haazig madyu brain, behind the t ear." >>> chief looks back at his over the "fiscal cliff". despite progress between cutting a deal to avoid a series of automatic tax hikes and spending cuts. will miss the midnight deadline lawmakers set for voting on an agreement. >>> kron-4's dan kerman is here to explain...
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Jan 1, 2013
01/13
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KRON
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. >>> congress fails to meet its the fiscal cliff. the u.s. will go over the fiscal cliff tonight at midnight. because of a decision by the republican- led house of representatives to adjourn until tomorrow. and yet despite this decision, we are hearing that. though a day late. congress and the white house have reached a deal. kron 4's dan kerman is here with the very latest on this developing story. >> reporter: the bush tax cut expire at midnight, and if nothing is done, taxes go up for middle class americans. that is what everyone is trying to avoid. late monday evening vice president joe biden and senator harry read headed to the capitol to brief democrats on a deal worked out between congressional leaders and the white house to prevent across the board spending cuts and tax hikes. >> i think that this is a modest goal that we connect ambush. democrats, republicans in congress set to get this done. this is a modest goal that we can accomplish. >> reporter: for a tax hike for couples earning more than 450-thousand dollars a year. that's a c
. >>> congress fails to meet its the fiscal cliff. the u.s. will go over the fiscal cliff tonight at midnight. because of a decision by the republican- led house of representatives to adjourn until tomorrow. and yet despite this decision, we are hearing that. though a day late. congress and the white house have reached a deal. kron 4's dan kerman is here with the very latest on this developing story. >> reporter: the bush tax cut expire at midnight, and if nothing is done, taxes...
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Dec 24, 2012
12/12
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WGN
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. >> while americans teeters on the brink of the so-called fiscal cliff congress and the president are away on holiday vacations. the president and first family are in hawaii to celebrate the holidays and members of congress left the capital with no agreement. the country faces massive mandatory tax increases and federal spending cuts on january 1st. meanwhile one republican congressman says president obama wants america to go over that cliff >> it is unclear when the president will return from hawaii. staffers for both sides are expected to be communicating over the next few days >> egypt's leading opposition party says it plans to appeal the results of yesterday's constitutional referendum. preliminary results show the new constitution passed with 64- percent of the vote. but opponents say it limits their rights -- and is not legitimate because the voting procedure didn't follow guidelines. parliamentary elections are scheduled in two months -- and the opposition hopes to present a united front by then. some 68-percent of egyptians did not vote in the referendum. >> former president
. >> while americans teeters on the brink of the so-called fiscal cliff congress and the president are away on holiday vacations. the president and first family are in hawaii to celebrate the holidays and members of congress left the capital with no agreement. the country faces massive mandatory tax increases and federal spending cuts on january 1st. meanwhile one republican congressman says president obama wants america to go over that cliff >> it is unclear when the president will...
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Dec 28, 2012
12/12
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KBCW
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can't figure out the fiscal cliff. >> it is avoidable. >> reporter: he's ready to bring some small town solutions to capitol hill. so you really think you can take the city politics to washington and it's going to work? >> it's about personal relationships, trust, working together for the people who elected you. >> reporter: he was a dublin city councilman and said he had to work with republicans in order to pass a city budget. he says it's the same kind of compromise strategy in washington. >> i'm confident there can be a buzzer beater where we can beat the clock and deliver. >> reporter: i asked him to give me one word to describe his feelings entering this fiscal cliff shark tank. >> exciting. >> reporter: you're excited? >> i'm excited. >> reporter: this is doomsday. >> but i'm confident that congress will see the will of the people. >> reporter: he says he's excited about making sure his supporters know he is ready to hit the pavement running. one supporter in particular. >> my own mom at christmas dinner told me do not raise my taxes. she is following just like other americans wha
can't figure out the fiscal cliff. >> it is avoidable. >> reporter: he's ready to bring some small town solutions to capitol hill. so you really think you can take the city politics to washington and it's going to work? >> it's about personal relationships, trust, working together for the people who elected you. >> reporter: he was a dublin city councilman and said he had to work with republicans in order to pass a city budget. he says it's the same kind of compromise...
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Dec 28, 2012
12/12
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KOFY
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>>reporter: if congress fails to avoid the fiscal cliff the financial consequences are significant. now there's a computer program that will figure specifically what each of us can expect next year. tax policy center fiscal cliff calculator peck your category married single with or without children enter the income and press to, it will pop up but you have to cough up next year. >> 17,000 dollars higher. that's a lot. >>reporter: jason is an engineer from cupertino with wife and 3 kid. he's looking at extra 17,000 in change. renee of carson just calculated what her family will pay. >> my god. that's another additional, i mean, deduction. >>reporter: 4 dollars short of 3000 dollars. >> i know. i know. >>reporter: she says it's like losing a month salary for her or her husband. pretty significant reduction. >> oh, yes. yes. it's a big one. >>reporter: here's other quick calculations. single person making 46,000 can count on increase of 1300. married with no children income of 57,000 it's an extra 2200 you will be paying. married with two kids and income of 146,000, 7300 more. if you a
>>reporter: if congress fails to avoid the fiscal cliff the financial consequences are significant. now there's a computer program that will figure specifically what each of us can expect next year. tax policy center fiscal cliff calculator peck your category married single with or without children enter the income and press to, it will pop up but you have to cough up next year. >> 17,000 dollars higher. that's a lot. >>reporter: jason is an engineer from cupertino with wife...
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Dec 28, 2012
12/12
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KGO
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congress is cutting it close to avoid the fiscal cliff yesterday senate majority leader harry reid blasted speaker boehner for letting lawmakers go on vacation. house makers are not due back until sun -- house lawmakers are not due back until sunday. boehner said the house will take action on whatever the senate can pass. >>> all the early season rain and snow we've been getting has water experts optimistic about california's water supply. the storms have replenished many reservoirs snow has increased snow back to nearly 150% of normal. >> partial supply in the barn either in reservoir storm or snow pack. however, it still depends on the remainder of the season 2/3 of the wet season is still let. >> snow pack runoff normally provides cal with a third of its water supply. >>> more -- more water on the way. >> this storm is so close to the coast it probably won't get snow in the sierra. good morning. because the storm is so close to the coast we have a high surf advisory be detail out there, dangerous rip currents as the storm passes today through tomorrow. beautiful picture from mount tamal
congress is cutting it close to avoid the fiscal cliff yesterday senate majority leader harry reid blasted speaker boehner for letting lawmakers go on vacation. house makers are not due back until sun -- house lawmakers are not due back until sunday. boehner said the house will take action on whatever the senate can pass. >>> all the early season rain and snow we've been getting has water experts optimistic about california's water supply. the storms have replenished many reservoirs...
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Dec 29, 2012
12/12
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KRON
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. >> president obama is urging congress to reach a deal to avoid the fiscal cliff. in today's radio and internet address, mr. obama says he believes leaders in congress may be able to reach an agreement that can pass both houses before taxes rise and spending cuts take effect at the end of the year. he urges "washington politics" to not get in the way of "america's progress." meanwhile, in the republican address, missouri senator roy blunt says the nation can avoid going over the fiscalbama and the democratic- controlled senate work with republicans to solve the problem. >> the senate has approved a 60-point-4 billion dollar emergency spending package for hurricane sandy recovery. the measure, which was backed by democrats, now heads to the house. meanwhile, republican leaders favor a smaller aid package to pay for immediate sandy recovery needs, saying they need more time to consider any additional aid. >> sandy battered the east coast in late october. it was the most costly natural disaster since hurricane katrina in 2005. >> a connecticut attorney is asking permi
. >> president obama is urging congress to reach a deal to avoid the fiscal cliff. in today's radio and internet address, mr. obama says he believes leaders in congress may be able to reach an agreement that can pass both houses before taxes rise and spending cuts take effect at the end of the year. he urges "washington politics" to not get in the way of "america's progress." meanwhile, in the republican address, missouri senator roy blunt says the nation can avoid...
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Dec 26, 2012
12/12
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WMAR
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eye 106
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cliff. >>> deep discounts. if you're not sick of the mall just yet, you're going to find sales today. >>> and the holiday homecoming. one family never imagined was possible. how a chance encounter by a caring stranger put a pup back in the arms of the little girl who loves her. >>> good morning, everyone. i'm muhammad lila. >> and i'm brandi hitt. paula and rob are off this morning. travel could be a challenge across much of the country. tornadoes, rain, snow, even a blizzard are all a threat. >> they are picking up the piece of a series of storms turned deadly. wendy gillette is joining us with more now. wendy? >> reporter: muhammad and brandi, we may dream of a white christmas. and many of us got one. but these storms also delivered a deadly punch, all across the country. >> oh, jesus. look at that tornado. >> reporter: this is just 1 of more than 30 reported tornadoes that touched down on christmas day, leaving behind heavy damage. >> still on the ground for over a minute. >> reporter: th
cliff. >>> deep discounts. if you're not sick of the mall just yet, you're going to find sales today. >>> and the holiday homecoming. one family never imagined was possible. how a chance encounter by a caring stranger put a pup back in the arms of the little girl who loves her. >>> good morning, everyone. i'm muhammad lila. >> and i'm brandi hitt. paula and rob are off this morning. travel could be a challenge across much of the country. tornadoes, rain, snow,...
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Dec 24, 2012
12/12
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KGO
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. >>> pulling the nation back from the fiscal cliff why congress may be selling the new year on capitol hill. >> first america's money report. >>> good morning. topping america's money, last minute shopping, many shoppers haven't finished. consumer reports says 17 million will be shopping today, more than 60% will throw in the towel and get those gift cards. so far, a quiet holiday season at the malls, analysts say shoppers are worried about the budget stalemate in washington delayed by superstorm sandy and depressed by the connecticut school shooting. retailers hope today will make up for that many federal workers have more time to shop, president obama gave them today off, many government offices are closed. financial markets closing early as are most post offices. the hobbit topped box office again for the second straight weekend, it took in 37 million dollars more than double any other movie even though many did their last minute shopping instead that's . >>> just about 5:14 thank you spore spending your christmas eve with us. live look towards san francisco, beautiful lights, bay,
. >>> pulling the nation back from the fiscal cliff why congress may be selling the new year on capitol hill. >> first america's money report. >>> good morning. topping america's money, last minute shopping, many shoppers haven't finished. consumer reports says 17 million will be shopping today, more than 60% will throw in the towel and get those gift cards. so far, a quiet holiday season at the malls, analysts say shoppers are worried about the budget stalemate in...
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Dec 24, 2012
12/12
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KRON
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talks will resume thursday to avoid the fiscal cliff. resident obama and congress are now on christmas vacation. the white house and the house of representatives have still yet to reach an agreement to prevent automatic tax hikes and spending cuts that will take effect on january first if the american red cross bay area chapter is opening an evacuation center in east palo alto for residents affected by widespread flooding near the san francisquito creek. the creek jumped its banks near west bayshore road and widespread rain across the bay area this weekend. >> @ advance of the rainfall is coming from this on and crew gaffes that main band, through the north bay however, staying of with wind gusting of 30 m.p.h. for the coast. however, not much moisture associated with this system. perhaps one-quarter of 1 in. at the lower elevations. for those located in the hills, not much rainfall many people do not have to be out on the roadways. as most of to be inside. if you're going to the sierras, tire chain laws 4 interstate-80, 88. mostly cloud
talks will resume thursday to avoid the fiscal cliff. resident obama and congress are now on christmas vacation. the white house and the house of representatives have still yet to reach an agreement to prevent automatic tax hikes and spending cuts that will take effect on january first if the american red cross bay area chapter is opening an evacuation center in east palo alto for residents affected by widespread flooding near the san francisquito creek. the creek jumped its banks near west...
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Dec 28, 2012
12/12
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KRON
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and what congress has not done- and if the fiscal cliff is taking up too much brentwood. even with that band with, they're not going forward they're taking up too much -- bandwidth. >> grant: if you'd like to connect with michael -- you can follow him on "at- yaki-blog." >> grant: former president george h-w bush remains in intensive care at a houston hospital tonight. the bush camps is remaining mostly silent -- providing no details today about his medical condition. mister bush -- who is 88- year-old. was hospitalized last month for a nasty cough related to bronchitis. he is now said to have developed a stubbord fever that rose earlier this week. the good news is he's alert and talking to doctors. >> the debate over gun control and the fallout from the n-r-a comments continue. national rifle association president david keene is speaking out today.nearly two weeks after the connecticut school massacre. n-r-a executive vice president wayne lapierre first addressed the issue last friday.calling for armed officers in all u-s schools. lapierre blamed recent mass shootings on
and what congress has not done- and if the fiscal cliff is taking up too much brentwood. even with that band with, they're not going forward they're taking up too much -- bandwidth. >> grant: if you'd like to connect with michael -- you can follow him on "at- yaki-blog." >> grant: former president george h-w bush remains in intensive care at a houston hospital tonight. the bush camps is remaining mostly silent -- providing no details today about his medical condition....
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Jan 1, 2013
01/13
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KPIX
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as of midnight eastern time, we were technically over the "fiscal cliff." now, as you said, congress, the senate, rather, did pass a scaled-back version. but it's setting the substantial now for a showdown in the house. >> reporter: in the early- morning hours of new year's day, the senate began voting on a bill to avoid the so-called "fiscal cliff." >> the bill as amended is passed. >> reporter:
as of midnight eastern time, we were technically over the "fiscal cliff." now, as you said, congress, the senate, rather, did pass a scaled-back version. but it's setting the substantial now for a showdown in the house. >> reporter: in the early- morning hours of new year's day, the senate began voting on a bill to avoid the so-called "fiscal cliff." >> the bill as amended is passed. >> reporter:
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Dec 28, 2012
12/12
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CNNW
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the 112th congress disbands. so what is that going to do to the fiscal cliff negotiations? >> right, there are a couple deadli deadlines actually coming up. january 2nd is the last day of the current congress. any bill that's been submitted, especially the bills that have been passed, the deal with the fiscal cliff, those bills would be worthless. they would go into paper and everything would have to start from scratch. the new congress would have to start a bill and start the process from the beginning. now there are some tricks that congress has to try to speed things up when it wants to. so to some degree, it's not that big of a deal. if there was a deal in the offing, january 3rd, enough votes for it, they could get around the hurdles. but i'm glad you brought up the deadlines because another one is tomorrow. unemployment benefits run out tomorrow for 1 million people. not true. the unemployment portion of the fiscal cliff actually hits us tomorrow. and that's when 1 million people are estimated to see unemployment benefits run out. and tomorrow is also the day that the
the 112th congress disbands. so what is that going to do to the fiscal cliff negotiations? >> right, there are a couple deadli deadlines actually coming up. january 2nd is the last day of the current congress. any bill that's been submitted, especially the bills that have been passed, the deal with the fiscal cliff, those bills would be worthless. they would go into paper and everything would have to start from scratch. the new congress would have to start a bill and start the process...
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Dec 29, 2012
12/12
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KTVU
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going off the fiscal cliff on a new congress. >>> the fiscal cliff debate is impacting people here in the bay area who's lives could dramatically change as soon as tomorrow. tom vacar is live at a highway work site in oakland and has the story of one woman and her looming fear. tom-- >> reporter: the people who work here are well paid and they're onvacaon. but for other people, the fiscal cliff might as well be a financial guillotine. though ilea thomas searches, she's been out of work for two years picking up any odd jobs as much as she can. >> it's been discouraging. i come in here three times a week and maybe i'll go to a friend's house and use their internet to look for work. >> reporter: long term unemployment benefits have been a life send. >> i can breathe a little while i'm looking for work. even though it's not the same amount that i was getting when i was working. >> but thomas is one of 400, 400,000 californians who will not be able to get medicare payments tomorrow. >> not being able to buy groceries, not being able to put food on the table, what am i supposed to do. a lot
going off the fiscal cliff on a new congress. >>> the fiscal cliff debate is impacting people here in the bay area who's lives could dramatically change as soon as tomorrow. tom vacar is live at a highway work site in oakland and has the story of one woman and her looming fear. tom-- >> reporter: the people who work here are well paid and they're onvacaon. but for other people, the fiscal cliff might as well be a financial guillotine. though ilea thomas searches, she's been out...
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Dec 25, 2012
12/12
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KICU
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the fiscal cliff. >>> at the vatican, pope benedict the 16th presided over christmas eve mass. he urged people to make room for god in their busy lives. the catholic pope also prayed for peace in israel, palestine and syria. this year midnight mass was moved up two hours to 10:00 p.m. to accommodate the ageing church leader. >>> clear skies kept travelers on track at sfo today after long de lay this is past weekend. as atly reports, this day before christmas is a busy one. >> the security line snaked throughout terminal 2 in san francisco international airport this morning. travelers shuffled through to chasm flights to arrive in time for christmas morning. >> everybody twoonts go home and see family. >> friday, december 21st, was technically the businessest day of holiday travel season for sfo with 130,000 people passing through, but christmas eve isn't too far behind with 120,000 airline passengers expected to. for some holiday traveler, the last-minute journey was a matter of price. >> i picked the 24th because it was, like, $250 less than what was on saturday or sunday and
the fiscal cliff. >>> at the vatican, pope benedict the 16th presided over christmas eve mass. he urged people to make room for god in their busy lives. the catholic pope also prayed for peace in israel, palestine and syria. this year midnight mass was moved up two hours to 10:00 p.m. to accommodate the ageing church leader. >>> clear skies kept travelers on track at sfo today after long de lay this is past weekend. as atly reports, this day before christmas is a busy one....
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Dec 30, 2012
12/12
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WGN
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congress needs to reach an agreement to prevent the country from going over the fiscal cliff with the deadline just days away. president obama said in his weekly address that reaching a deal will not be easy. politics can get in the way. >> we just cannot afford a politically self-inflicted wound to our economy. the economy is growing. keeping it that way means that the folks to send to washington have to do their jobs. >> senator mitch mcconnell was seen arriving on capitol hill hours after congressional leaders met with obama. >> we will be working hard to see if we can get there in the next 24 hours. i'm hopeful and optimistic. >> missouri senator ray blunt says that politicians on both sides have irresponsibility, but tax hikes will not do much to address the nation's debt. >> it will not pay one-third of the annual interest now on this massive $16 trillion debt. >> the house returns to washington sunday evening when the before a deal needs to be reached. it is likely that negotiators will be burning the midnight oil. >> a 23-year-old indian woman who was raped and viciously beate
congress needs to reach an agreement to prevent the country from going over the fiscal cliff with the deadline just days away. president obama said in his weekly address that reaching a deal will not be easy. politics can get in the way. >> we just cannot afford a politically self-inflicted wound to our economy. the economy is growing. keeping it that way means that the folks to send to washington have to do their jobs. >> senator mitch mcconnell was seen arriving on capitol hill...
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Dec 27, 2012
12/12
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KRON
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cliff it will quick end in just five days if congress does not act. there is no sign of compromise between democrats and republicans. president obama has cut his vacation short and is returning to the white house now. without a budget agreement automatic tax increases for everyone and deep spending cuts will be triggered and the new year. the main dispute continues to be over taxes. americans filing unemployment last week as dropped to 350,000. futures are up right now. a letter from treasury secretary tam geithner to congress sent after the bell yesterday may also weigh on the markets. >> the woman accused of killing a grandmother and a drunk driving accident at the twin peaks without has made her first court appearance. 23 year old gina eunice is accused of a hit and run drunken-driving in vehicular manslaughter. the accident occurred three people and killed 56 year old yuee byao who was here visiting her new grandchild from china. the judge set the bail at $2 million. if she posted she must wear a scram device that checks to make sure she is not dr
cliff it will quick end in just five days if congress does not act. there is no sign of compromise between democrats and republicans. president obama has cut his vacation short and is returning to the white house now. without a budget agreement automatic tax increases for everyone and deep spending cuts will be triggered and the new year. the main dispute continues to be over taxes. americans filing unemployment last week as dropped to 350,000. futures are up right now. a letter from treasury...
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Dec 29, 2012
12/12
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KGO
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. >> in the event congress does not make a deal, here's how the fiscal cliff could affect you. first, income taxes will go up substantially. a middle class family will pay about $2,000 more per year. gas prices will likely fall because individuals will have to spend less on fuel. you could see longer lines at the airport because budget cuts would force the tsa to cut its staff and retail prices may fall because declining consumer confidence would push retailers to offer discounts to get shoppers into their stores. >> the bowl game is all decked-out for the game this afternoon against the u.s. navy academy and arizona state. everyone's spirits are high and the game is bringing a boost for the local economy. >> many are here for an extended weekend. >> two teams really excited to be here and their fans are excited to be here. gosh, i think we are filling up all the hotels in san francisco. >> 33,000 tickets have been sold for the match-up. at&t park can take 40,000 so not at capacity yet. organizers believe it will be another banner year for the hunger goal. it's brought the city
. >> in the event congress does not make a deal, here's how the fiscal cliff could affect you. first, income taxes will go up substantially. a middle class family will pay about $2,000 more per year. gas prices will likely fall because individuals will have to spend less on fuel. you could see longer lines at the airport because budget cuts would force the tsa to cut its staff and retail prices may fall because declining consumer confidence would push retailers to offer discounts to get...
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147
Dec 30, 2012
12/12
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KGO
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this road sign, now instead of road ininstructions it reads, fiscal cliff ahead. turn around, don't go over. captioned by closed captioning services inc. >>> this is "world news." tonight -- round two. the newest holiday storm to hit, stretching from missouri to maine. the accidents tonight. the snow falling where there was already a foot or more. tonight the latest trap, where it's heading. abc meteorologist ginger zee is standing by. >>> on the edge. washington taking america right up to the fiscal cliff. three days now until higher taxes for all. will there be a deal? as americans and their 401(k)s already taking a hit, paying a brice because of that standoff. >>> crash landing. the jet that skidded off the runway nearly smashing into a crowded highway. >>> and back in the game. the football coach whose battle off the field inspired a major turnaround on it. and tonight, he's about to return.
this road sign, now instead of road ininstructions it reads, fiscal cliff ahead. turn around, don't go over. captioned by closed captioning services inc. >>> this is "world news." tonight -- round two. the newest holiday storm to hit, stretching from missouri to maine. the accidents tonight. the snow falling where there was already a foot or more. tonight the latest trap, where it's heading. abc meteorologist ginger zee is standing by. >>> on the edge. washington...
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Dec 31, 2012
12/12
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KTVU
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eye 161
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tonight to reach a deal to avoid that fiscal cliff. as they missed the dead line income taxes will go up for all americans. >>> and officials in san francisco advising all new years eve party goers use mass transit. 250,000 people are expected to be at san francisco's fire works show on the waterfront. bart by the way is running trains every 20 minutes. they will also be offering service until 3:00 a.m.. muni is offering free rides beginning at 8:00 p.m.. >>> it is 6:46 in san jose. the investigation continues this morning into a fire that killed three people including a young child over the weekend. ktvu janine de la vega is in san jose and tells us the fire also left many people without a home. good morning, janine. >> reporter: good morning. i spoke to the red cross in the last hour. and they told me the electricity is still out here in a couple of the buildings and that is why they are helping house 47 adults and 26 children who were displaced by the fire. it started in that apartment that you see on the second story. it's all boar
tonight to reach a deal to avoid that fiscal cliff. as they missed the dead line income taxes will go up for all americans. >>> and officials in san francisco advising all new years eve party goers use mass transit. 250,000 people are expected to be at san francisco's fire works show on the waterfront. bart by the way is running trains every 20 minutes. they will also be offering service until 3:00 a.m.. muni is offering free rides beginning at 8:00 p.m.. >>> it is 6:46 in san...
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531
Dec 28, 2012
12/12
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KGO
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fiscal cliff. and you think this is just politics we're talkinok÷ about, abc 7 news is here and just been explaining. >> there is a fiscal cliff calculator. they have come up with an online budget. it tells you what you, and your family can expect to pay. if congressiu6çils to avoid the fiscal cliff, financial consequences are significant. now there, is a computer program. the fiscal cliff calculator allows you to pick your category, enter income, and presto. it will pop up what you are to cough up next year. >> it's a lot. >> jason is an engineer with a wife and three kids. looking at 17,000 in change. >> oh, my god. that is another, additional, i mean... >> 4dzs short of $3,000. >> i know. i know. >> telling me that is like losing a month's salary. >> significant reduction. >> oh, yes. a big run. >> a single person making $46,000 can count an n increase of $1300. married with no children, $57,000 it's $2200 you'll be paying. and married with two kids and income of $146,000, $7300 more. and if y
fiscal cliff. and you think this is just politics we're talkinok÷ about, abc 7 news is here and just been explaining. >> there is a fiscal cliff calculator. they have come up with an online budget. it tells you what you, and your family can expect to pay. if congressiu6çils to avoid the fiscal cliff, financial consequences are significant. now there, is a computer program. the fiscal cliff calculator allows you to pick your category, enter income, and presto. it will pop up what you are...
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Dec 26, 2012
12/12
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WBAL
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eye 330
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remains on square one in the fiscal cliff talks. >> reporter: congress reached this brink before christmas when speaker john boehner failed to get enough house republicans to support his solution, threw up his hands and said it's up to leader reid and the president. >> how we get there, god only knows. >> reporter: aides say reid's plan would avoid tax increases for people making less than $250,000, eliminate spending cuts and restore unemployment benefits. >> what needs to happen now is for a sense of desperation among lawmakers to kick in and realize that if we go past january 1st with no deal, the markets are likely to decline in a significant way and alarm most americans. they don't want to have themselves blamed for that. >> reporter: meanwhile, public pressure is mounting. countdown clocks are springing up, and today starbucks asked employees to begin writing "come together" on coffee cups. now, speaker boehner has not yet called the house back into session. meanwhile, treasury secretary tim geithner told congressional leaders today that the nation has almost reached its borrowing li
remains on square one in the fiscal cliff talks. >> reporter: congress reached this brink before christmas when speaker john boehner failed to get enough house republicans to support his solution, threw up his hands and said it's up to leader reid and the president. >> how we get there, god only knows. >> reporter: aides say reid's plan would avoid tax increases for people making less than $250,000, eliminate spending cuts and restore unemployment benefits. >> what needs...
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Dec 24, 2012
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cliff. members of congress are still pointing fingers over who is to blame for the lack of progress. to prevent the tax hikes and spending cuts from aching effect january 1st. meanwhile, connecticut's independent senator, joe lieberman, expects congress to work right up until the new year's eve deadline. he's not sure that will be enough. >> it's the first time that i feel like it's more likely that we'll go over the cliff than not. if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. >> the president and congress are on short holiday breaks. they're due back later in the week. one possibility in all of this mess is a partial deal on taxes while putting off agreement on spending until some time down the road. >>> former president george h.w. bush may be spending christmas in the hospital. he's been there since thanksgiving. he's battling bronchitis and a lingering cough. doctors say he's in stable condition but needs to
cliff. members of congress are still pointing fingers over who is to blame for the lack of progress. to prevent the tax hikes and spending cuts from aching effect january 1st. meanwhile, connecticut's independent senator, joe lieberman, expects congress to work right up until the new year's eve deadline. he's not sure that will be enough. >> it's the first time that i feel like it's more likely that we'll go over the cliff than not. if we allow that to happen, it will be the most colossal...
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Dec 31, 2012
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íÑu congress to keep the country from plunging over the fiscal cliff, deadline midnight eastern time when the new year begins. senate democratic leaders stuck in a stalemate. senate leaders have called in vice president biden to try and jumpstart an ice breaker before higher taxes and deep cuts. the senate recon convenience 8:00 our time, stay tuned. -- we'll have the latest in 30 minutes. >>> leaders in the house and senate reached a deal on one thing, they'vekn%ñ agreed to extend the 2008 farm bill for one more year that expired in october. thistvp' means milk prices could have doubled to $7 a gallon next month. the deal prevents the government from returning to a prices. some call this the dairy cliff that now we are not going to have to fall off. >>> the notorious party night of new year's eve is hours away. law enforcement has already been cracking down on drunk drivers. chp arrested 123 people for dui over the weekend in the bay area that. number is down from the same time last year, when officers busted 161 drivers. there were no fatal crashes over the past two days this time
íÑu congress to keep the country from plunging over the fiscal cliff, deadline midnight eastern time when the new year begins. senate democratic leaders stuck in a stalemate. senate leaders have called in vice president biden to try and jumpstart an ice breaker before higher taxes and deep cuts. the senate recon convenience 8:00 our time, stay tuned. -- we'll have the latest in 30 minutes. >>> leaders in the house and senate reached a deal on one thing, they'vekn%ñ agreed to extend...
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Dec 30, 2012
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all eyes on the senate as the nation moves closer to the the brink of the fiscal cliff with massive spending cuts and tax hikes cut to automatically kick in. lawmakers will get down to work starting at 10:00 this morning our time. senate negotiators are trying to come up with a last-minute compromise to present to the house. president obama says any bipartisan bill has to extend unemployment benefits, affecting some 2 million americans. he says it must increase taxes on the highest income earners. the president knows neither side is going to get everything they want, and he thinks it's time for house republicans to compromise. it is very important for republicans in congress to say we aren't going to get 100%, at the need to compromise in order to solve problems. >> if there is enough in the agreement for republicans to be able to support it, and we can get a majority of republicans in the senate and a majority of democrats in the senate, then i think there's a good opportunity for a majority of democrats and republicans in the house. >> well, the stock markets appear to be betting against a
all eyes on the senate as the nation moves closer to the the brink of the fiscal cliff with massive spending cuts and tax hikes cut to automatically kick in. lawmakers will get down to work starting at 10:00 this morning our time. senate negotiators are trying to come up with a last-minute compromise to present to the house. president obama says any bipartisan bill has to extend unemployment benefits, affecting some 2 million americans. he says it must increase taxes on the highest income...
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Dec 24, 2012
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meanwhile they are getting more over the fiscal cliff. there is still no deal. congress has left for christmas vacation and now it looks like the lawmaker's last hope and others say the country will fall off the cliff. >> if we allow that to happen, it will be the most colossal consequential act of congressional you are responsibility in a long time. >> president barack obama is in hawaii for christmas. he said he will cut his vacation short to hammer out a deal. he will prevent automatic tax hikes from taking affect on january 1st. >>> police in virginia arrested a u.s. senator from driving under the influence. he is apologizing to the people of idaho and to his family. he was taken into custody after failing a field sobriety test. he is a member of the mormon church which does not allow members to use alcohol coffee or tea. he said he will take whatever punishment is handed down. >>> the dui crackdown continues here in the bay. several fatal crashes have already been reported and how this year's number will -- and we will have more on how this year's number wi
meanwhile they are getting more over the fiscal cliff. there is still no deal. congress has left for christmas vacation and now it looks like the lawmaker's last hope and others say the country will fall off the cliff. >> if we allow that to happen, it will be the most colossal consequential act of congressional you are responsibility in a long time. >> president barack obama is in hawaii for christmas. he said he will cut his vacation short to hammer out a deal. he will prevent...
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Dec 24, 2012
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we're nine days away from going over the fiscal cliff. any progress to speak of today? >> there are a number of members of congress today asking that the president and the speaker try one more time. both republicans and democrats in the senate are saying the chances of that big debt-reducing deal really are lost. it's now a small deal, they expect it out of the senate probably later this week. >> david kerley reporting from washington tonight. thank you. >>> speaking of president obama, he attended the burial today of long-time hawaii senator, daniel inouye. it was a 19-gun salute when the senator's coffin arrived at the national memorial cemetery of the pacific. senator inouye was the first japanese american elected to both houses of congress. he was also the second longest serving senator in american history. he was 88 years old. >> the other big story we're following tonight, with a third of all americans traveling for the holidays, meteorologists are now worried about what could be the nightmare after christmas. two new storms are moving in. we'll get the forecast i
we're nine days away from going over the fiscal cliff. any progress to speak of today? >> there are a number of members of congress today asking that the president and the speaker try one more time. both republicans and democrats in the senate are saying the chances of that big debt-reducing deal really are lost. it's now a small deal, they expect it out of the senate probably later this week. >> david kerley reporting from washington tonight. thank you. >>> speaking of...
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Dec 26, 2012
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we turn now to political turbulence, and the fiscal cliff gets closer. congress now has six days to make a deal. they'll be back on capitol hill tomorrow, and chip reid is in washington. >> president obama will be arriving in washington tomorrow and both houses of congress will be back in session tomorrow. that will give them just five days to put together a deal to avoid the massive automatic tax hikes and spending cuts known as the fiscal cliff. >> president obama spent christmas day visiting with troops in hawaii. >> while back in washington uncertainty about the looming fiscal cliff continues. there has been to communication between republicans and democrats about how to avoid going over the cliff. before the christmas break, speaker john boehner was unable to get enough support from respects to pass his plan and help said it was up to the white house and the senate to avert the cliff. so now harry reid is believed to be crafting a plan of his own. it's expected to extend bush-era tax cuts. it would also include short-term spending cuts instead of th
we turn now to political turbulence, and the fiscal cliff gets closer. congress now has six days to make a deal. they'll be back on capitol hill tomorrow, and chip reid is in washington. >> president obama will be arriving in washington tomorrow and both houses of congress will be back in session tomorrow. that will give them just five days to put together a deal to avoid the massive automatic tax hikes and spending cuts known as the fiscal cliff. >> president obama spent christmas...
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Dec 31, 2012
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cliff. >> a, a combination of automatic spending cuts and tax increases the triggering a recession. >> andrew spencer is lanes of negotiations they must know, " a major setback. >> as well marked makers or on avoiding the fiscal cliff. talks get " a major setback over social security benefits. both sides agree to push for. >> i wonder want to know i want to get this done. i need a dance partner. >> vice president joe biden is apparently that person for which mcconnell. >> the two are taking over talks. if nothing is resolved by midnight tonight. tax breaks for all americans will increase. democrats say it will mean about $2,000 for the average middle class family. >> a michigan woman said to me that is a month worth of groceries. also gets up to three years transportation to and from work. >> democrats want taxes to increase for americans earning over to london $50,000. republicans want texas a the same period >> republicans want taxes to stay the same period >> i offered over a trillion dol
cliff. >> a, a combination of automatic spending cuts and tax increases the triggering a recession. >> andrew spencer is lanes of negotiations they must know, " a major setback. >> as well marked makers or on avoiding the fiscal cliff. talks get " a major setback over social security benefits. both sides agree to push for. >> i wonder want to know i want to get this done. i need a dance partner. >> vice president joe biden is apparently that person for...
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Dec 27, 2012
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stocks continue to fall on fiscal cliff worries president and congress back in d.c. to talk about n'ozn budget today. toyota 1.1 billion dollar charge to settle a lawsuit has to do with more than 10 million vehicles recalled for unintended acceleration from claims the value of vehicles went down as a result. k)Ñ exchange#dww, with the bloomberg business report. >>> coming up, do you use those companies that give you a cash advance on your paycheck? you magb(:l be getting some of protected panda.id;gp >> good morning. 5:53. you see the embarcadero, bay bridge you don't see rain or traffic. we'll check in with sue and find out what is going on, on the highways. we'll find out where the rain is with mike. >>> u.s. department of commerce is due to release figures for new home sales, today's updates will hold stead if i not rise a bit they predict 375,000 in new sales. housing numbers slipped last month, new building permits ticked higher, commerce department is expected to release its new report at 7:00 this morning. >>> thousands of california residents could be gettin
stocks continue to fall on fiscal cliff worries president and congress back in d.c. to talk about n'ozn budget today. toyota 1.1 billion dollar charge to settle a lawsuit has to do with more than 10 million vehicles recalled for unintended acceleration from claims the value of vehicles went down as a result. k)Ñ exchange#dww, with the bloomberg business report. >>> coming up, do you use those companies that give you a cash advance on your paycheck? you magb(:l be getting some of...
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cliff deadline went by. >> we have done good for the country. >> since lawmakers missed the deadline. every american wakes up with higher tax and congress can undo those hikes if the house passes the senate bill. vice-president biden told reporter he hopes that the bill gets through the house. >> you shouldn't predict how the senate will vote before they vote and you surely shouldn't predict the house vote. >> the senate bill would extend tax cuts for all workers . raises taxes on people above $40000. >> and extend unemployment benefits for two million. the house will take up the bill this morning and hopefully the chamber can pass it before the economy is rocked by the tax hikes. >> i feel good. >> president obama call would the senate vote the right thing to do for the country and encouraged the house to pass the bill right away. >> new defrom doctors treating hillary clinton on her blood clot. it is it collected between the brain and skull behind the right ear. they are treating her with blood thinners. last month she fell and got a concussion and that caused a blood clot and that
cliff deadline went by. >> we have done good for the country. >> since lawmakers missed the deadline. every american wakes up with higher tax and congress can undo those hikes if the house passes the senate bill. vice-president biden told reporter he hopes that the bill gets through the house. >> you shouldn't predict how the senate will vote before they vote and you surely shouldn't predict the house vote. >> the senate bill would extend tax cuts for all workers ....
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still to come, falling off the fiscal cliff. it's down to the wire. but will congress bow to president obama's pressure. >> and the i-team reveal while the state unemployment department won't answer your phone call when you knead the most help. >> the fight against the growing crime in oakland. what community leaders say >> ama: our breaking news from the south bay. san jose firefighters are battling a two-alarm fire in an important building -- an apartment building. firefighters say a second floor apartment is fully engulfed in flames. there's a report of one injury to a person suffering smoke inhalation. >> a family is grieving the loss of a father and son. the father tried to save his nine-year-old son who was overtaken by a wave. both victims were pronounced dead after rescuers recovered them off the shore. >>> san francisco police are looking for the man who robbed a woman, then killed her dog, last night. the 12-year-old pekingese was thrown on the street in front of traffic. a witness to the crime is offering a $1,000 reward to capture the take
still to come, falling off the fiscal cliff. it's down to the wire. but will congress bow to president obama's pressure. >> and the i-team reveal while the state unemployment department won't answer your phone call when you knead the most help. >> the fight against the growing crime in oakland. what community leaders say >> ama: our breaking news from the south bay. san jose firefighters are battling a two-alarm fire in an important building -- an apartment building....
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Dec 28, 2012
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people have a right to be very upset with this congress. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. treasury department would have trouble paying its bills. many worry the financial woes would plunge the u.s. back into a recession. within possible effect of the fiscal cliff/fro, -- milk prices could spike two or three dollars a gallon because farm -- some are calling that dairy cliff. >>> 6:17. mike here tracking light rain.i. l >> i'd like to. >> here's mike with the weather. >>> thank you, hope you are having a great friday morning dry sky over san francisco from the east to sutro tower. light rain showing up off the sonoma county coast,oo8Ñ let's zoom down and show you highway 1 from to inverness looks like it is raining but not reaching the ground. sprinkles possible during the as air mass start to moisten under this flow from the west. best chance of light rain around noon and later this afternoon. until then, chilly, dress for temperatures in the 30s everywhere, except fremont, 41, oakland if you are san francisco 44, monterey bay, everyb
people have a right to be very upset with this congress. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. treasury department would have trouble paying its bills. many worry the financial woes would plunge the u.s. back into a recession. within possible effect of the fiscal cliff/fro, -- milk prices could spike two or three dollars a gallon because farm -- some are calling that dairy cliff. >>> 6:17. mike here tracking light rain.i. l...
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Dec 30, 2012
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still to come, falling off the fiscal cliff. it's down to the wire. but will congress bow to president obama's pressure. >> and the i-team reveal while the state unemployment department won't answer your phone call when you knead the most help. >> the fight against the growing crime in oakland. what community leaders say i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients
still to come, falling off the fiscal cliff. it's down to the wire. but will congress bow to president obama's pressure. >> and the i-team reveal while the state unemployment department won't answer your phone call when you knead the most help. >> the fight against the growing crime in oakland. what community leaders say i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement...
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Dec 26, 2012
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the fiscal cliff. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. . >>> we are tracking downpour across parts of the bay area. here is the live camera looking toward mount diablo. take a look at live storm tracker two and show you the current rainfall pattern. >> and welcome back. the president is cutting his vacation short to face the fiscal cliff. is he leaving hawaii for washington tonight. if lawmakers don't come up with a deal before the deadline your tax refund could be delayed by months. we are live in the washington bureau to explain more. >> reporter: brian the irs said without a deal as many as 100 million taxpayers may be forced to wait until
the fiscal cliff. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. . >>> we are tracking downpour across parts of the bay area. here is...
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Dec 28, 2012
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american people have a right to be very upset with this congress. >> reporter: the fiscal cliff would bring massive increases and deep spending cuts treasury department would have treble paying its bills. many -- many worry it would plunge the u.s. back into a recession. one possible effect of the fiscal cliff, milk prices could spike two or three dollars a gallon because farm programs will expire the end of the year. some are calling that dairy cliff. wendy gillette, abc news, new york. >>> mike jing us with a look at the -- mike joining us with a look at the forecast, more rain on the way? >>> in due time we'll get light rain not this morning high clouds to the east from sutro tower in san francisco where dry now live doppler 7 hd spinning tracking the showers, the rain i should say as it is developing over the ocean water right now let's see how far that is, 41 miles from santa rosa, 51 from san francisco, under the returns, very dry air, sprinkles at best lieu the 30s, just updated these the entire peninsula, upper 30s only 40s left, half moon bay 41, oakland 42, san francisco 44.
american people have a right to be very upset with this congress. >> reporter: the fiscal cliff would bring massive increases and deep spending cuts treasury department would have treble paying its bills. many -- many worry it would plunge the u.s. back into a recession. one possible effect of the fiscal cliff, milk prices could spike two or three dollars a gallon because farm programs will expire the end of the year. some are calling that dairy cliff. wendy gillette, abc news, new york....
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>>reporter: the deal would not satisfy the conditions congress made for avoid the fiscal cliff and the president will not go to hawaii to avoid the fiscal cliff and ever continue we get past the fiscal cliff, round two is in a couple of months when congress has to raise the debt ceiling to keep the country from default. trace? >>trace: thank you, wendell, from the white house. joining us now is columnist for the congressional newspaper "the hill." i have to go on what wendell says, if you are speaker boehner and you walk to the house of representatives members and say there is kind of a deal but no spending cuts. how does that fly? >>reporter: that is the problem. what you see are words of hope from the republican leader on the senate side how we are very close to what has to be fixed, the tax rates. he is trying to put a positive spin on that. we knew they would be fixed. the worry all along was, were we going to see a replacement for the draconian sequestration cuts everyone hated on both sides of the aisle for 17 months. here we are, in the final stretch, the 11th hour, surprise, bo
>>reporter: the deal would not satisfy the conditions congress made for avoid the fiscal cliff and the president will not go to hawaii to avoid the fiscal cliff and ever continue we get past the fiscal cliff, round two is in a couple of months when congress has to raise the debt ceiling to keep the country from default. trace? >>trace: thank you, wendell, from the white house. joining us now is columnist for the congressional newspaper "the hill." i have to go on what...
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Dec 26, 2012
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in talks to resolve the looming fiscal cliff crisis. president obama is ending his out vacation in hawaii today to make a late bid to reach a deal before the year and. the white house that he should be back in washington tomorrow when house and senate members are expected to reconvene. new this morning a car bomb had outside the u.s. base in eastern afghanistan has killed three people and injured six civilians. afghanistan police say the blast killed a security guard and two truck drivers delivering supplies. the tal bang claims responsibility for the attack which happened after a minibus stop at a deep for a security check. the international security assistance for says the base has been secured. if sampras as the woman will be arraigned today on charges of vehicular manslaughter that killed one pedestrian and injured two others in the twin peaks area. the 56 year-old died last week after a car hit her at the twin peaks lookout point. police say the driver was intoxicated. the victim's son told us he doesn't want another family or to s
in talks to resolve the looming fiscal cliff crisis. president obama is ending his out vacation in hawaii today to make a late bid to reach a deal before the year and. the white house that he should be back in washington tomorrow when house and senate members are expected to reconvene. new this morning a car bomb had outside the u.s. base in eastern afghanistan has killed three people and injured six civilians. afghanistan police say the blast killed a security guard and two truck drivers...
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Dec 27, 2012
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>> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ >>> coming up, we'll see how correct or in correct our predictions were for this year. we'll check in on commodities. we've also got a mystery panel today. it is a retail stock that has not had a down q1 for the past nine years. that is your hint. what on earth is happening in washington, folks? when we run through what exactly no deal
>> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our...
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Dec 29, 2012
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less than three days until the so-called fiscal cliff and congress still trying to hammer out a deal. they've had 515 days to work this out. still, though, capitol hill leaders are at an impasse and starting next week, you and i could see our paychecks cut as payroll taxes go up and that could be just the beginning. the clock at the bottom right of your screen there might as well have a blaringa, large on it because come midnight monday if lawmakers have not found the fiscal cliff solution you're going to hear a whole heck of a lot of noise. let's get straight to washington. nbc's kristen welker at the white house and luke russert is tracking developments at capitol hill and nbc news senior political editor mark murray is here to break it down for us from the washington bureau. we will start with kristen. last we heard, kristen welker, the president came out to report that he is modestly optimistic. has the rhetoric changed at all today? >> reporter: it has changed a little bit. the president is still modestly optimistic, but i just spoke with a democratic source who tells me at this
less than three days until the so-called fiscal cliff and congress still trying to hammer out a deal. they've had 515 days to work this out. still, though, capitol hill leaders are at an impasse and starting next week, you and i could see our paychecks cut as payroll taxes go up and that could be just the beginning. the clock at the bottom right of your screen there might as well have a blaringa, large on it because come midnight monday if lawmakers have not found the fiscal cliff solution...
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Dec 27, 2012
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house republicans tossed the fiscal cliff problem to the senate today. saying once the senate has a plan congress can go forward. john fowler investigated some of the latest moves and joins us live with what could happen a week from today. john? >> reporter: do mog, we get deep spending cuts and across- the-board tax hikes. con shull staffers told me -- congressional staffers told me today, expect a bumpy ride of the halls of power empty, although negotiateders and the president are back at work. >> at the very least let's agree right now on what we already agree on. >> reporter: an olive branch to the gop and carrot to corporate giants, including the bay area's google and apple. the administration now suggesting cutting corporate tax rates. the u.s. has among the world's highest. but closing loop holes that helped google, for instance, avoid $2 billion in taxes last year. >> corporations are concerned because they're not sure the extent to which exemptions would be eliminated. >> reporter: wells capital management senior economist gary slosberg is optim
house republicans tossed the fiscal cliff problem to the senate today. saying once the senate has a plan congress can go forward. john fowler investigated some of the latest moves and joins us live with what could happen a week from today. john? >> reporter: do mog, we get deep spending cuts and across- the-board tax hikes. con shull staffers told me -- congressional staffers told me today, expect a bumpy ride of the halls of power empty, although negotiateders and the president are back...
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Dec 28, 2012
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we are just four days away from a fiscal cliff. we was see what congress will do today. >> we are seeing an increase and cloud cover. it is a cold start outside. as we head into afternoon rain chances could start for the bay area. as we take a look at the numbers. it is 30 degrees in santa rosa. it is 39 currently in fremont. tomorrow morning we went may wake up to rainy weather. >> we are looking at pretty light traffic around the bay area. i do not think that we will see anything different than what we have seen all week long. right now but quick commute check shows there is a like ride through the east bay. the rest of the bay area freeways are also pretty light. >> developing this morning. three homicides in oakland to overnight. the first was a double shooting on 18800 block mead street in westhe 800 block of meat street in west oakland. that happened around 1 this morning. police are still on the scene investigating. then at 230 atm a stabbing in the 5800 block of walnut street. this is a developing story right now, we will k
we are just four days away from a fiscal cliff. we was see what congress will do today. >> we are seeing an increase and cloud cover. it is a cold start outside. as we head into afternoon rain chances could start for the bay area. as we take a look at the numbers. it is 30 degrees in santa rosa. it is 39 currently in fremont. tomorrow morning we went may wake up to rainy weather. >> we are looking at pretty light traffic around the bay area. i do not think that we will see anything...
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Dec 27, 2012
12/12
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WMAR
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the president will hear about the fiscal cliff problem as well as members of congress return to washington to address the fiscal cliff. talks will take place behind closed doors. no public negotiations set. you have the debt and the fiscal cliff. it's not looking too good right now when it comes to the u.s. economy. >> geithner told congressional leaders that his department is using some accounting measures basically a fancy way of saying they're going to free up cash to hold off temporarily this fiscal cliff. but it's still not looking good. >> i don't know about you at home, but kicking the can down the road has been happening over and over again. somebody has to make some decisions here. >> it's like in this business, they give you a deadline and you have to hit the deadline. there's no coming in and saying take another ten minutes. it don't work that way in real life. there are americans out there saying get off your couches. get back to washington and get the deal done. >> sometimes it's not pretty when you have to rush, but get it done. >>> still on the economy now, new signs of a tu
the president will hear about the fiscal cliff problem as well as members of congress return to washington to address the fiscal cliff. talks will take place behind closed doors. no public negotiations set. you have the debt and the fiscal cliff. it's not looking too good right now when it comes to the u.s. economy. >> geithner told congressional leaders that his department is using some accounting measures basically a fancy way of saying they're going to free up cash to hold off...
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Dec 28, 2012
12/12
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KPIX
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before january 1. >>> reporter: the "fiscal cliff" is still a few days away. but business owners don carlino says he is already feeling the impact. >> a lot of our customers are holding back. they are apprehensive. they are not committing to projects. they're not --you know, they are waiting to see what's going to happen with the "fiscal cliff." >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1. >> i am not optimistic. >> reporter: even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how i
before january 1. >>> reporter: the "fiscal cliff" is still a few days away. but business owners don carlino says he is already feeling the impact. >> a lot of our customers are holding back. they are apprehensive. they are not committing to projects. they're not --you know, they are waiting to see what's going to happen with the "fiscal cliff." >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in...
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Dec 31, 2012
12/12
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KPIX
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we'll tell you. >> and 15 hours until congress steps off the "fiscal cliff." a final push to reach a deal before the midnight deadline. >> jack frost showing up in some of the valleys very chilly start to the day. will we see some rain for new year's eve? we'll talk about that coming up. >> and no major hot spots at all in any bay area roads. here's a live look at 101 in san jose. mass transit offering free rides for the holiday, we'll tell you which once coming up. >>> good morning. it's monday, new year's eve, happy early new year's to you folks. i'm frank mallicoat. >> i'm michelle griego. time now is 6:00. we're on the scene of developing news in san francisco this morning. >> we are. cbs 5 reporter cate caugiran is in the excelsior district where a gas line gave firefighters a little bit of trouble this morning. she joins us with the latest now. good morning, cate. >> reporter: good morning, frank. on top of that, firefighters are calling this house fire suspicious just because of how quickly it spread but again we don't know what caused it. an arson team
we'll tell you. >> and 15 hours until congress steps off the "fiscal cliff." a final push to reach a deal before the midnight deadline. >> jack frost showing up in some of the valleys very chilly start to the day. will we see some rain for new year's eve? we'll talk about that coming up. >> and no major hot spots at all in any bay area roads. here's a live look at 101 in san jose. mass transit offering free rides for the holiday, we'll tell you which once coming up....
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Dec 27, 2012
12/12
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WBAL
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from td ameritrade. >>> the fiscal cliff isn't the only piece of business congress hasn't finished as the year draws to a close. the farm bill, which has a major impact on prices of all kinds of food expired three months ago, and unless they approve a new one soon, it could mean very bad news at your local supermarket. here's nbc's stephanie gosk. >> reporter: the dairy industry is calling it the milk cliff. just like tax rates, if congress doesn't approve a farm bill by january 1st, the price of milk could go up. way up. right now, an average gallon costs $3.65. it could soar to between $6 and $8. >> that would be a pretty big impact. >> we would probably still be going through it but maybe cut down on other things. >> reporter: it wouldn't be just milk prices. all dairy products would be affected. imagine if wisconsin cheddar costs more than imported french brie. what would that mean for the average grilled cheese? one part of the large and very complicated farm bill controls the dairy market. without it, pricing would go back to an outdated law put in place during the truman era. t
from td ameritrade. >>> the fiscal cliff isn't the only piece of business congress hasn't finished as the year draws to a close. the farm bill, which has a major impact on prices of all kinds of food expired three months ago, and unless they approve a new one soon, it could mean very bad news at your local supermarket. here's nbc's stephanie gosk. >> reporter: the dairy industry is calling it the milk cliff. just like tax rates, if congress doesn't approve a farm bill by january...
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Dec 27, 2012
12/12
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KOFY
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but -- >>> the federal fiscal cliff is just days away. so what if we fall off? i'm michael finley. ahead on 7 on your side i will show you how to make the most out of an uncertain financial future. >> also here tonight, gun owners say they are being targeted in new york. a news paper article that >>> at the nation's capitol senators will meet tomorrow in ongoing effort to avoid the fiscal cliff. president obama is about to end his family vacation in hawaii and will arrive in washington early tomorrow to deal with the tax increases and spending cuts that are due to take effect next week. no official fiscal cliff negotiations between republicans and democrats have been scheduled. not a great deal of progress. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may not add up this year
but -- >>> the federal fiscal cliff is just days away. so what if we fall off? i'm michael finley. ahead on 7 on your side i will show you how to make the most out of an uncertain financial future. >> also here tonight, gun owners say they are being targeted in new york. a news paper article that >>> at the nation's capitol senators will meet tomorrow in ongoing effort to avoid the fiscal cliff. president obama is about to end his family vacation in hawaii and will...
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Dec 29, 2012
12/12
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FOXNEWSW
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. >> president obama is demanding that congress act before the nation falls off of the fiscal cliff. he made this the focus of the weekly address. stiant leaders are working on a compromise bill fair and balanced debate with congressman for both studies of the aisle . another winter storm targeted the northeast. new jersey may see five inches of snow. we'll have the latest in a live report. former president george h. bush is showingly signs of improvement. let 88 year old former president is in icu in methodist hospital in houston. we are live in houston . will honor the man who led president bush's charge in iraq. remembering general swarkoph. >> and brain dead. warch warning that our children are losing creativity because they are pendent on the web. up inventor of the wind up radio. >> and google traded. it is a card catalog on the web. they don't think long-term blame the public schools and not geag emp- google. >> it is youth scrersus abuse. they can use it for a social media instead of what it is intended to. to get your intelligence a lot quicker. >> carroll, you are worried.
. >> president obama is demanding that congress act before the nation falls off of the fiscal cliff. he made this the focus of the weekly address. stiant leaders are working on a compromise bill fair and balanced debate with congressman for both studies of the aisle . another winter storm targeted the northeast. new jersey may see five inches of snow. we'll have the latest in a live report. former president george h. bush is showingly signs of improvement. let 88 year old former president...